European lending marketplace Fagura has launched a new version of its secondary market that allows fractional investing and sales of amounts greater than €100 (£85).
Fagura used the example of a €700 loan, saying that if it listed it on the secondary market other investors would not have the opportunity to buy it as it exceeds the limit of €100 exposure per loan. So the platform developed a new functionality that allows fractional investing.
Loans can now be divided into fractions of €25 or €50, to enable a quicker sale.
The Moldova-based firm said that investors will have the opportunity to buy loans from Fagura’s own portfolio on the secondary market in the coming days. Fagura co-funds loans that are not fully funded by investors and lists these on the secondary market at a later stage.
Fagura also revealed plans for more updates to its secondary market, enabling investors to sell or buy loans at a discount.